Banks with strong digital capabilities are best positioned to issue stablecoins individually, enabling differentiated digital currency services, according to the Korea Institute of Finance, which highlights the advantages of individual issuance for market leadership and innovation.
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https://en.infomaxai.com/news/articleView.html?idxno=99261

South Korea’s central bank and industry experts clashed over the introduction of won-based stablecoins, with the Bank of Korea warning of risks to monetary policy and regulatory frameworks, while industry leaders called for swift adoption to foster innovation.
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https://en.infomaxai.com/news/articleView.html?idxno=76983

JPMorgan Chase is piloting "JPMD" - a deposit token—a digital representation of a bank deposit that is managed with blockchain. JPMD will be issued on Base, a public Ethereum-based blockchain managed by Coinbase.

The token, exclusively available to JPMorgan’s institutional clients, which include corporations and pension funds, will be used to settle transfers 24hrs. per day and make cross-border business-to-business payments.

This is NOT a stablecoin, JPMD will be backed by “the same liquidity frameworks as traditional banks,” according to the Bank.

https://finance.yahoo.com/news/jpmorgan-chase-partners-coinbase-launch-175104015.html #Crypto #JPMorgan #Banking #DepositToken #DigitalToken #CoinBase #Base #blockChain #Ethereum

JPMorgan Chase & Co. has launched the JPMD deposit token on Coinbase's Base blockchain, offering 24/7 settlement and interest for institutional clients, distinguishing it from public stablecoins and expanding the bank's digital asset initiatives.
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https://en.infomaxai.com/news/articleView.html?idxno=67994